Cooley partners have set aside about $10 million to invest in start-up clients and other early-stage opportunities this year, double the amount from 1999. It may not be enough. “Our investment pace was so brisk in January that we’re going to run out in six to seven months,” says Mark Tanoury, head of Cooley’s business department. “We have to slow down or see if we can put more money in.”

These investments are not made by the firm, but through a separate fund.

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